Monday, November 5, 2012

11/2 - L-red, S-red (70% higher, 30% lower...support unsure)

Market in stage 4 and got struck back down in a huge candle at resistance...to every textbook, its time to go short again..and that is where the smart money probably is...but there is also another possible scenario...that is that all that support we closed on at many charts will hold and we bounce higher....its less likely but possible...i think 70% lower and 30% bounce is the next leg..





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